L&T lost 1.32% to Rs 1,266.40 at 12:07 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was up 10.17 points or 0.05% at 22,224.54.
On BSE, so far 87,000 shares were traded in the counter as against average daily volume of 2.15 lakh shares in the past one quarter.
The stock hit a high of Rs 1,291.60 and a low of Rs 1,260.40 so far during the day. The stock had hit a 52-week high of Rs 1,295 on Thursday, 27 March 2014. The stock had hit a 52-week low of Rs 678.10 on 28 August 2013.
The stock had outperformed the market over the past one month till 27 March 2014, surging 17.04% compared with Sensex's 5.85% rise. The scrip had also outperformed the market over the past one quarter, jumping 19.09% as against Sensex's 4.82% rise.
The large-cap company has equity capital of Rs 185.38 crore. Face value per share is Rs 2.
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Shares of L&T had rallied 5.49% in five trading sessions to settle at Rs 1283.35 on Thursday, 27 March 2014, from a recent low of Rs 1216.55 on 21 March 2014.
L&T's net profit rose 10.6% to Rs 1240.70 crore on 11.8% growth in net sales to Rs 14387.51 crore in Q3 December 2013 over Q3 December 2012.
L&T is a $14 billion technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T Construction is a brand of Larsen & Toubro.
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